Global Daily: Is 'ChatCCP' a DeepFake?

US stocks fell sharply on Monday as the market reacted to news that Chinese AI chatbot DeepSeek had overtaken American rivals to become the most downloaded free app in Apple’s US app store. DeepSeek’s developers claim that its open-source DeepSeek-V3 model was trained for just $6m, compared to price tags thought to be in the billions for the latest iterations of Western rivals. The emergence of an almost-as-good AI utility created at much lower cost that also uses much less energy has set the proverbial cat amongst the pigeons.